Looking to move to Sydney but concerned about the high cost of living? You’re not alone.
Sydney is known for its vibrant lifestyle, excellent career opportunities, and stunning beaches, but it also holds the title of the most expensive city in Australia. Fortunately, there are still some affordable Sydney suburbs that offer a great quality of life without breaking the bank.
In this article, we’ll explore the top 10 cheapest and most affordable Sydney suburbs for 2024.
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Why Choose the Most Affordable Suburbs in Sydney?
Living in the most affordable suburbs in Sydney offers numerous benefits, making them an attractive choice. With lower median house prices, residents can enjoy significant savings, and allow more money to be allocated to other expenses, or to be put aside for future needs. These suburbs often boast tight-knit communities where neighbours look out for one another.
Many affordable suburbs are also conveniently located near universities, attracting a large student population and fostering a vibrant, youthful atmosphere.
Additionally, residents benefit from a relaxing lifestyle away from the hustle and bustle of the Sydney CBD while still having access to essential amenities and services.
Affordable suburbs like those in Western Sydney or the Inner West also offer easy access to public transport and major shopping centres, which makes it appealing for young families and young professionals alike.
Top 10 Cheapest and Most Affordable Suburbs in Sydney
1. Villawood
The first on the list is Villawood, which is situated just 27 kilometers from Sydney’s Central Business District.
With a median house price of $880,000, Villawood offers smaller block sizes compared to suburbs like Hazelbrook, Wentworth Falls, and Faulconbridge. The suburbs also ranks first on PRD’s list of affordable and liveable suburbs in Sydney, making it a great option for those looking to move closer to the central.
This is a convenient place to live, with access to good highways and train line, as well as shopping centres and restaurants. It is also close to St George’s River – an ideal place for for outdoor family activities.
Image Source: Villawood Properties
2. Fairfield
Fairfield, located in Sydney, is a standout suburb known for its affordability and rich cultural diversity. This area is a place of diverse multicultural community and affordable living, which makes it a great option for young couples and families.
The median prices are $910,000 for houses, and $415,000 for apartments. This area offers excellent access to public transport, educational institutions, and job opportunities in small and medium-sized businesses. Local amenities such as local markets and parks, along with a strong sense of community and cultural exchange, also enhance the appeal of living here.
Image Source: Wikipedia
3. Schofields
Schofields has seen a ton of growth and construction in recent years. It has fone hand-in-hand with neighbouring suburbs such as The Ponds and Rouse Hill, however it remains the cheapest of the three without sacrificing much in terms of quality of life.
With a median house price of $900,000, the suburbs offers but a decent amount of public infrastructure and amenities along with it. Additionally, the train commute on the express run can have you from Schofields into Central with a ride time of just over 50 minutes.
Image Source: The Dictionary of Sydney
4. Arncliffe
Recent median property prices in Arncliffe range from $1,700,000 for houses to $732,500 for units.
Arncliffe is an affordable suburb just 10 kilometers south of Sydney’s CBD, offering a great balance of convenience and value. With its proximity to the city, excellent public transport options, and a strong sense of community, Arncliffe provides a cost-effective alternative for those looking to enjoy city living without the high price tag.
Image Source: Domain
5. Auburn
Auburn is a multicultural suburb bustling with activity. It is located just 24 kilometers from Sydney CBD. With a median house price of $1.2 million AUD, it is one of the affordable areas close to the city center, despite having smaller block sizes than other suburbs.
The suburb is well-connected to major transport routes, including Auburn train station, and features a variety of local amenities, with shops, cafes, and botanical gardens. Situated near Sydney’s Olympic Park, Auburn is one of the best suburbs in Sydney for those seeking a lively city lifestyle at a relatively affordable price.
6. Mount Druitt
Mount Druitt – one of the most affordable suburbs in Sydney. Located in inner west Sydney, it is home to the Blacktown Mount Druitt Hospital, a major TAFE campus, and the bustling Westfield Shopping Centre. It is located 43 kilometers from Sydney CBD. Residents benefit from a range of amenities and excellent connectivity within walking distance, including family-friendly neighbourhoods, local schools, shopping centres, and train lines.
Housing in Mount Druitt is attractively priced compared to other Sydney suburbs, with around $800,000 and units in the $400,000. The area has low vacancy rates at just 0.5% and offers above-average yields for Sydney, making it one of the best suburbs for investors.
Image Source: REA Group
7. Rooty Hill
Rooty Hill, located 42 kilometers from Sydney CBD, offers affordable living with median property prices ranging from $828,500 for houses to $485,000 for units.
Known for its extensive sports facilities and parks, Rooty Hill is an affordable suburb for sports enthusiasts and families. Strong public transport connections including train lines and buses make it a convenient choice for those seeking easy access to Sydney’s amenities while enjoying a vibrant, active community.
Read More: First Time Property Investor Mistakes That You Should Avoid
8. Lurnea
Lurnea, located 35 kilometers from Sydney CBD, offers affordable living with a strong sense of community. The suburb features local amenities such as parks, public and private schools, and a community hub.
Lurnea is also well-connected to major roads and public transport. This Sydney suburb provides residents with easy access to Sydney’s amenities while maintaining a close-knit, supportive environment, which makes it one of the best Sydney suburbs to put down your first property investment.
Image Source: REA Group
9. Bradbury
Bradbury, located 54 kilometers from Sydney CBD, is a green suburb known for its streets named after native Australian trees. With its abundant greenery, local schools, and parks, Bradbury offers a tranquil, family-friendly environment. It’s an ideal choice for those seeking a quiet and affordable place to live while still being well-connected to Sydney’s amenities.
Image Source: REA Group
10. Rosemeadow
Rosemeadow, located in the City of Campbelltown, is a serene suburb offering affordable living just a short drive from Sydney’s CBD. Median property prices over the last year range from $780,000 for houses to $675,000 for units.
Known for its picturesque Japanese Garden and Tea House, as well as the Australian Botanic Garden, Rosemeadow provides a tranquil environment with excellent local amenities.
The Rosemeadow Marketplace caters to all shopping needs, while good connectivity via transit buses ensures easy access to the city. With its combination of affordability, comfort, and recreational facilities, Rosemeadow is an attractive option for those seeking a relaxed vibe yet well-connected place to live.
Image Source: Domain
Conclusion
Finding affordable homes in Sydney can be challenging, but these suburbs offer great value for money. Whether you’re a student, young professional, or family, you can find good places for accomodation in Sydney according to your preferences. From the scenic beauty of the Blue Mountains to the vibrant multicultural communities closer to the city centre, there’s something for everyone in these affordable Sydney suburbs.
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Ready to Make the Move?
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Frequently Asked Questions (FAQs)
- What are the most affordable suburbs in Sydney in 2024?
Some of the most affordable suburbs in Sydney include Villawood, Fairfield, Schofields, and Mount Druitt. These areas offer lower median house prices compared to other suburbs. - Which is the cheapest suburb in Sydney to buy a house?
Villawood is one of the cheapest suburbs with a median house price of $880,000, offering affordability close to the CBD. - Is it affordable to live in Villawood?
Yes, Villawood offers affordable living with good access to transportation, shopping, and outdoor spaces, making it ideal for families and professionals. - What is the best affordable suburb to live in near Sydney CBD?
Arncliffe is a great affordable option near Sydney CBD, offering a balance of proximity and lower prices compared to other inner-city suburbs. - Is Schofields a good suburb to buy property in 2024?
Yes, Schofields has grown rapidly with infrastructure development and remains an affordable choice with a median house price of $900,000. - What makes Mount Druitt one of the most affordable suburbs?
Mount Druitt offers a median house price of around $800,000, with access to major shopping centres, schools, and hospitals, making it a cost-effective option for families. - Why should I consider buying property in Fairfield?
Fairfield is known for its cultural diversity, affordable house prices (around $910,000), and strong community amenities, making it a good choice for young families. - Which affordable suburbs in Sydney are good for families?
Suburbs like Bradbury, Rosemeadow, and Lurnea are excellent for families due to their peaceful environments, schools, and green spaces. - What are the most affordable suburbs for first-time home buyers in Sydney?
Suburbs like Rooty Hill, Bradbury, and Rosemeadow offer affordable options for first-time home buyers with house prices under $850,000. - Is Arncliffe a good place to invest in property?
Yes, Arncliffe offers affordability close to the city, with great public transport and a strong rental demand, making it a solid investment choice. - How far is Schofields from Sydney CBD, and is it a good commute?
Schofields is about 50 minutes by express train to Sydney CBD, offering a relatively smooth commute for those looking to balance work and affordability. - What amenities do affordable suburbs in Sydney offer?
Affordable suburbs like Auburn and Rooty Hill offer access to shopping centres, parks, schools, public transport, and healthcare facilities. - Are there affordable suburbs in Western Sydney?
Yes, Western Sydney suburbs like Fairfield, Mount Druitt, and Rooty Hill are affordable options with strong community and transportation links. - Can I find affordable houses near Sydney’s universities?
Yes, many affordable suburbs like Villawood and Auburn are located near universities, attracting a youthful and vibrant community. - Is it worth buying in Rosemeadow for property investment?
Yes, Rosemeadow offers affordable property prices and a tranquil environment, making it an attractive option for long-term property investment.
